Robert Lucas said that it’s hard to stop thinking about growth dynamics once you start. With this chart, it’s hard to stop thinking about the... lack of dynamics. Often wonder what to conclude from it.pic.twitter.com/CgMgQZiG0N
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GDP delfator ≠ CPI
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Different people (BEA not BLS), chain-weighted, and attempt at covering all goods and services (as opposed to a basket of consumer goods and services)
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Thanks for the info.
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